1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures - Bac

Whether the latest MTP v2.2 tool is useful?

  • YES. The tool helps to take safe positions using FLOW and Renko Charts

    Votes: 26 92.9%
  • NO. The tool is not useful

    Votes: 2 7.1%

  • Total voters
    28
  • Poll closed .

healthraj

Well-Known Member
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Thanks Raj ...... for a quick reply ....................

Q1). now, as of today the nifty post .xls file is showing STAY SHORT BELOW 5153 .........now nifty opened at 5124 so did we short at the open (5124) value with a stop loss of 7 points (5131) ? ..... and today its showing a loss of 7 points because i guess todays high was 5150 ??

am i correct ?

Q2). now the first .XLS sheet which is trading system...... the positional part has a --> NIFTY Futures (Using Futures Premium Extrapolation) Buy Above 5119 Sell Below 5066 <-- column ........ so these levels also have a 7 point stop loss only ??
Q1) Perfect

Q2) Yes. Perfect... This is to help Traders because ultimately the trading needs to happen using NIFTY Futures and not NIFTY Spot... So I am using NIFTY SPOT Levels and Extrapolating the LONG/SELL levels for NIFTY Futures, Which I am not sure is PERFECT :confused:... Right now I don't see a better way !. ... If somebody has a better model then we can implement that
 

healthraj

Well-Known Member
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

RAJ TRADING SYSTEM FOR NIFTY Futures Chart v1.3

I have also made some updates to the chart... Somebody was mentioning to update the Resistance and Support levels for Today. So added Pivot, R1 and S1...

For Intraday traders also added the following lines so that they can track the trade
- Sell / Buy Level
- Stop loss
- Target 1
- Target 2

10 minute sample chart from the v1.3 is attached below...

Today Hope there were two trades one on the LONG Side and another on the SHORT side.... The below chart shows the chart for the SHORT side and EOD

 
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Hi Raj

thanks for developing the futures trade tool.

if i have to take positional trade in nifty futures at what time should i actually
place the order ____ or do i need to wait for 15m after market opens to place the order @ 9.30




RAJ TRADING SYSTEM FOR NIFTY Futures Chart v1.3

I have also made some updates to the chart... Somebody was mentioning to update the Resistance and Support levels for Today. So added Pivot, R1 and S1...

For Intraday traders also added the following lines so that they can track the trade
- Sell / Buy Level
- Stop loss
- Target 1
- Target 2

10 minute sample chart from the v1.3 is attached below...

Today Hope there were two trades one on the LONG Side and another on the SHORT side.... The below chart shows the chart for the SHORT side and EOD

 

aimer

Well-Known Member
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Hello Healthraj,
Nice to see this thread which works on Excell, could not understand fully on this but will go through it once again...

Didnot know the power of excell...could not believe...:eek:
Hats off to u...
Great going...
Keep it up, and looking more form ur side...:clapping::clapping::clapping:
 

aimer

Well-Known Member
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Hello Healthraj.
when I tried to open the chart(show nifty chart)...it gives error 1004...how to reslove this error...plz help...
Thanks in advance...
 
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

In the tool , I still have a place holder for positional traders... (My meaning of Positional traders is those who cannot sit before the terminal the whole day and who can spent a max of 30 minutes per day)

But there are people who spent the whole day before the terminal...
My call was for those Intraday players.... Remember our positional Range 5150-5200 is very far from today's range... As a positional trader you can wait...

The main difference is that
- Positional Trading - We take the long term signals like EMA 15 and EMA 25.
- For Intraday trading - We take signals from Options Chain, or Advance Decline Ratio which keep changing very half an hour etc...

The Intraday Signal might keep changing... But the Postional Signal more or less remain the same...

It depends what you want to do?

I Personally,since I do not have time do only Positional trading... Open the Trade terminal in the morning... Put a trade... Put stoploss... Open around 3:15 pm... Close the trade if stoploss not hit... I look at my excel sheet to follow what is happening in the market...
Perfect... understand your philosophy and agree with it:clapping:
 

Ajit57

Active Member
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Dear Raj,

Still waiting for the update on V1.3 ... Please do let us know about that ...

Thanks

Ajit
 

Similar threads